Development of the oil industry in the USA (Part I)

Gennadiy Gayko, Volodymyr Biletsky

Abstract

The article looks into the history of the oil and gas industry which has been dynamically developing today. Oil and natural gas as well as their processing products have a very long history of use by mankind though the history of the world oil industry counts about as few as 150 years and the gas one less than 100 years. The authors intend to write a series of articles covering the history of the world oil industry, aimed at understanding the "anatomy of success" which is much needed for the domestic industry. This series of articles begins the exploration of the USA oil industry development.